Section 8 Fair Market Rent (FMR) for ZIP 54846 - 2027

Location: Ashland County, WI | Metro: Ashland County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$800
2 Bedrooms	$1,040
3 Bedrooms	$1,440
4 Bedrooms	$1,580
5 Bedrooms	$1,833
6 Bedrooms	$2,053
7 Bedrooms	$2,217
8 Bedrooms	$2,328

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

650

Median Household Income

$74,000

Housing Units

302

Renter Percentage

10.8%

Occupancy Rate

86.1%

Renter Occupied

The ZIP code 54846 is situated in a suburban area known for its stable housing market and proximity to key amenities that attract both homeowners and renters. This region benefits from a balanced economy, supported by diverse employment opportunities and a moderate cost of living, making it an attractive investment location for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 54846 in fiscal year 2026 is set at $1,000, indicating a growing demand for affordable housing options.
The average market rent, according to the Census American Community Survey (ACS), stands at $846, which is below the FMR, suggesting potential for rental income growth.
The median home value in the area is $200,788, reflecting a middle-class neighborhood where property values are likely to remain steady.
Renters make up 10.8% of the housing market, pointing to a smaller but still significant segment of the population looking for rental properties.
The Days on Market (DOM) is listed as N/A, which could imply either a robust sales pace or limited recent activity, making it crucial for investors to monitor local real estate trends closely.
The median household income in the area is $74,000, providing a financial context that supports both rental and home purchase markets.

Synthesizing these points, ZIP 54846 presents a balanced opportunity for real estate investment. The gap between the current market rent and the projected FMR suggests a potential for increasing rental rates, while the median home value indicates a stable asset base. With a modest but present renter share, there is room for growth in the rental sector, especially as the economy continues to develop. Investors should keep an eye on local real estate activity and the evolving economic landscape to capitalize on these trends effectively.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.